A tribute for all moms
With Mother’s Day just around the corner, I’d be remiss if I didn’t give my mom credit for all the lessons she taught me. As a mom of a 15 month old, [...]
News Archives
Comments on RBC simplification, PCA relief due in May
Comments on a number of proposals issued by NCUA and the Consumer Financial Protection Bureau (CFPB) are due in May. A complete list of proposals and other rulemakings CUNA is tracking can be found on [...]
As NAFCU anticipated, vehicle sales continue strong in April
Total vehicle sales stayed strong in April growing from 18 million annualized units to 18.5 million during the month. Monthly sales levels were up a massive 112.2 percent year-over-year. NAFCU Chief Economist and [...]
Market numbers highlight ATM trends
Smarter ATM strategies crafted from sophisticated data analysis mostly have to be tailored to individual credit unions. However, overall market data can still shed light. One big trend as digital payments grow is for ATMs [...]
My employee has jury duty. What do I do?
Ah, jury duty! Everyone’s favorite civic responsibility. Codified in our founding documents as the only mandatory constitutional duty for individual citizens, about 32 million Americans are summoned for jury duty every year. As an [...]
Growth in a (nearly) post-pandemic market
Amid a pandemic-plagued 2020, community banks and credit unions rose to the occasion as reflected in: the disproportionate number of PPP loans that kept local communities afloat, the emergency loans and accommodations extended to struggling [...]
The top benefit of having a buy now, pay later card program
The buy now, pay later market is expected to grow 181% by 2024 according to the 2021 Global Payments Report by Worldpay from FIS. In fact, according to the same report, BNPL services—which allow [...]
Risk Management 101: Help! We’ve been compromised
But, wait we umm.. never finished our Cyber Security Strategy… because you know {insert shiny item here} happened so we lost our focus. What do we do now?? The headline above is your worst nightmare. [...]
Brand is culture, culture is brand
Which is more important: Your credit union staff or its members? This may sound like the quintessential “chicken or egg” question, and you may be right. As astrophysicist and planetary scientist Neil deGrasse Tyson has [...]
The DEI journey: Listen and learn
What does it mean to be “woke”? Merriam-Webster defines it as slang and means, “to be aware of and actively attentive to the important facts and issues (especially issues of racial and social justice).” As [...]
Building a digital and core strategy for a payments industry in flux
While many aspects of our lives slowed or were halted during the past year, one thing became faster – making payments. This is a paradigm with broad implications for your credit union. Take the growing use [...]
Coaching members to financial wellness epitomizes the credit union difference
Roy Bergengren, one of the pioneers of the credit union movement, once said the most important function of a credit union is “the education of its members in the management and control of their own [...]
Pivoting and reading the CU growth tea (weed) leaves
With the Covid-19 heath crises subsiding in the USA, businesses and financial institutions (our credit unions) will be pivoting to re-think and re-imagine the future to make up for the business downtrend the pandemic has [...]
Paycheck Protection Program funds depleted
The Paycheck Protection Program (PPP) has run out of funds, the Small Business Administration said Wednesday, just under a month before it was scheduled to expire May 31. The PPP was reauthorized at $284 billion [...]
Berger to Congress: Reject postal banking programs, empower CUs
In an op-ed published in Morning Consult, NAFCU President and CEO Dan Berger called on Congress to empower credit unions to help the nation's 63 million unbanked and underbanked consumers as opposed to supporting complex, [...]